default: Short Sales: Borrower(s) Are you ready? .....Answers/items to have for your agent - 10/29/09 07:43 PM
If you feel you may be in need of a short sale, you should do your homework on what you will need to have to provide to the agent. ADVICE: Choose an agent that knows how Short Sales work, have experience with short sales and is willing to do a short … (4 comments)
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default: Announcing the Race to ....."Deep Waters" --- who's next to go Under? - 06/03/09 11:49 PM
What states are out front in this race to the deep waters?
California, Nevada, Arizona and Florida, with Michigan, Ohio and Illinois close runners up. This is about the number of homeowners that are affected by being under water with their mortgage loans. This includes those that purchased or those that … (0 comments)
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default: 4016 Kimball Lane, Stockton, CA 95206 - 11/01/08 03:02 PM
↑ Grab this Headline Animator
… (3 comments)
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default: Default properties... what kind of buyer is an agent looking to represent? - 02/02/08 11:46 PM
What kind of buyer is an agent looking to represent ... if the property is in default?
Disclaimer: All buyers are welcome to purchase what they can afford.
However, the purpose of this post is to say... An agent should NOT represent a buyer if these four points are true:
1. The buyer will … (8 comments)
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default: I live in Stockton, CA (San Joaquin County) -- My property needs work, can I still do a short sale? Part II - 01/26/08 09:39 PM
This is Part II. See I live in Stockton, CA (San Joaquin County)- Is a Short Sale right for me? Part I
The answer to this question is YES! You can still do a short sale even if your property is in rough shape and needs work done to it. The lenders … (3 comments)
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default: Short Sale: Do you have to be in default to get a short sale approved? - 01/26/08 09:27 PM
If you are current on your mortgage, will your lender consider a Short Sale?
The answer is maybe. Some lenders will accept a Short Sale file for approval on loans that are not delinquent. Not that many are documented. Other lenders will not accept the file until the loan is delinquent. The … (11 comments)
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default: Is GMAC trying to take the "short" out of Short Sales? - 01/05/08 02:51 PM
Here are some of GMAC guidelines for approving a Short Sale.
There are so many owners that have GMAC loans that live in the San Joaquin County CA area (especially Stockton, Modesto and other surrounding areas). GMAC is a household name from homes to automobiles, but yet they are getting known … (28 comments)
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default: What a Short Sale is ...N O T! - 01/04/08 10:03 PM
A short sale is when you owe more than your home is worth AND you list and receive a formal offer that is approved by the lender BUT it is for less than what you owe on the mortgage.
And BEWARE of verbal agreements. Get it in writing... the only way … (30 comments)
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default: Sample letter: Requesting Short Sale Approval from Second Lien holder - 01/01/08 05:49 PM
OK here's the situation: You have 2 loans - for the purpose of this example lets give them names: (Mort =First Loan) and Gage = Second Loan): This example is for those of you that have Two different both lenders. Mort(1) tells you that they will not be able to approval a short … (6 comments)
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default: Listen up! California passed new laws! That may affect you.... - 01/01/08 01:35 AM
2008 California Laws
1. DUI and kill someone, you will be facing murder charges.
2. Smoke in the car with a minor child (under 18) and you will be fined. California's ban would prohibit smoking in a vehicle containing anyone under 18, but the traffic stop would have to be made for another … (10 comments)
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default: Are you Short on Equity and Low on Cash? - 12/31/07 11:27 PM
This is a very important question. Here are some more important questions:
Are you in trouble with your mortgage because you have had or are in a hardship? Are you in default with your mortgage? How is your credit? Have you contacted your lender to try to work out a plan to … (0 comments)
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default: The Raw Facts on Default, Pre-Foreclosure, Short Sale and Foreclosure - 12/30/07 12:42 AM
Below is a list of power-packed posts filled with informational facts about being in Default, finding yourself in the pre-foreclosure process and having to do a Short Sale and some helpful tips on how to avoid Foreclosure. By reading this information you will know the timelines, procedures, advantages and disadvantages of … (14 comments)
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default: Can't afford your ARM Adjustment? Ask your lender for help. See sample letter. - 12/28/07 02:57 PM
Here is possibly a pro-active way to help prevent getting into foreclosure and also will help the HUGH ongoing Foreclosure problems in California's ~ San Joaquin, Stanislaus, Alameda Counties and the surrounding areas. Having the #1 Foreclosure rate coming right out of Stockton and with Modesto following with the #2 spot, contact … (9 comments)
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default: Owners have rights, Tenants have rights too-- all God's children got rights! - 12/04/07 02:48 AM
OK! I will admit that I am guilty of bashing the "tenants from hell" and I still stand on that. Tenants can ruin an owner's property in no time flat. I have seen and experience with several of my owners the aftermath of tenants gone bad.
HOWEVER, in defense of the tenants that … (4 comments)
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default: Short sale approval is not AUTOMATIC! - 12/01/07 10:08 AM
The last number I heard for Subprime loans that are in foreclosure: 161,540 for US.
There is nothing AUTOMATIC about short sales - they can STICK you and the STANDARDS can be different with each lender!
Let me tell you a couple of things about short sales/foreclosures
1. You decide you're … (8 comments)
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default: Foreclosure "Last Minute" tips: Did you know? - 09/24/07 08:04 PM
This is about options right up to the last day/hour of a foreclosure. Up to 5 business days prior to Trustee Sale, you can reinstateyour mortgage. It is your responsibility to get in touch with the lender and make those arrangements. Get everything in writing and make sure you understand what you … (2 comments)
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default: To Cure a Default - 09/15/07 11:55 PM
Many foreclosure proceeding are reinstated during the 3 month default period. Some are either sold and this is called a short sale if the property is upside down and lender agrees to take less that what is owed on the property. But you can cure a default with selling it.
The borrower … (0 comments)
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default: Will they post on my door? - 09/15/07 11:47 PM
Publication Period and Trustee's Sale - information you should know and understand. During this time a notice may be posted on your door! I was asked the other day, do they post papers on my door? The answer is - YES!
A: County Records Research will prepare, record and arrange to post … (4 comments)
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default: Initial steps of Short Sale - Default Period - 09/15/07 11:32 PM
What is Foreclosure? By now, the words is pretty common but do you really understand what is it and how it works? The next few posts will try to lay it out as simply as possible.
Best defined: "Foreclosure is the procedure for enforcing a lender rights once the obligation secured by … (16 comments)
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default: The rankings are in from the top 20 - 08/14/07 09:27 PM
Stockton, CA is the the #1 city with the highest number of foreclosures with Sacramento coming in 4th in the US!
There are alot of people in trouble and from the look of the numbers it is not getting any better.
Stockton, CA is ranked 1st and has 8,619 active foreclosures, which is … (14 comments)
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